China's exports, imports slowed sharply in August

Apple says proposed tariffs to hit a range of products

President Donald Trump threatened Friday to slap tariffs on all of the Chinese goods imported into the United States. To a certain extent its going to be up to China, Trump said.

"Because all tariffs ultimately show up as a tax on USA consumers, they will increase the cost of Apple products that our customers have come to rely on in their daily lives", the company said.

The public comment period on $200 billion of tariffs ended Thursday.

The Trump administration has already imposed 25% tariffs on $50 billion worth of Chinese goods, meant to punish Beijing for alleged unfair trade practices and intellectual property theft.

"The $200 billion we are talking about could take place very soon depending on what happens with them". The US imported $505 billion of Chinese products in 2017, Census Bureau figures show.

Data from China's General Administration of Customs showed that exports to the U.S. in August jumped by 6.9 per cent from July to US$44.38 billion, but imports dropped by 0.9 per cent to US$13.3 billion.

Last night Apple warned that the threatened tariffs would hit "a wide range of Apple..."

But U.S. analysts cautioned it would be a mistake to assume Democratic Party gains in November's congressional elections would change Trump's calculus on China, given widespread business support for Trump's goals of protecting American intellectual property and shifting China's economy onto a more market-driven path.

The Trump administration has slapped tariffs on billions of dollars worth of Chinese goods over the past few months, escalating a trade war between the two countries.

The president's tweet comes just days after Apple sent a letter to the U.S. Trade Representative raising concerns that the additional tariffs that the president proposed would be bad for business.

Retailers had successfully kept high-profile consumer electronics such as mobile phones and television sets off of previous tariff lists.

Lawmakers and trade groups have both called on Trump to stop adding further tariffs, which have sparked retaliatory trade measures from Beijing. And China has vowed to hit $60 billion in United States products in retaliation. Those talks will continue to go on. "We want lower (trade) barriers across the board".

But the tariffs do not appear to have dented the appetite for Chinese-made products in the United States. "However, hope springs eternal".

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